The IRS is reminding small charities and other nonprofit organizations that, beginning next year (for activity through 12/31/07), they will have to file information annually with the tax agency.
Charities and other tax-exempt organizations that have income of $25,000 or less per year must file the electronic notice, known as the e-Postcard or Form 990-N, to inform the IRS of their current address and contact information.
Organizations that fail to send the IRS an e-Postcard within three years will automatically lose their tax-exempt status and must re-apply for exemption. More information about the Form 990-N is available here.
